The "Wild West" of Cryptocurrency Trading - cyptoranking.com

2024-05-05

Popular crypto exchanges(2023 Update) 2024-05-05
Image: cyptoranking.com

Ethereum failed to settle above the $1,665 resistance zone. ETH started a fresh decline from the $1,665 resistance zone and dived below the $1,650 level. “We’ll continue to invest in the expansion of our European business and are well positioned to capitalize on the opportunity for further growth in the years ahead. We have a very compelling value proposition and look forward to serving even more clients across Europe.” The "Wild West" of Cryptocurrency Trading“No other reasonable explanation for taking a perfectly fine 100-line contract, adding in new vulnerabilities via functions that never get used, refusing to verify the contract, getting half-hacked, not fixing things, then getting full-hacked.” Despite these movements, the LQTY price has remained flat since October 9 and has not yet crossed the breakout point. At the time of this writing, the LQTY price is trading at $1.48, 38% higher than last week.

Exchange Rankings Crypto
Image: cyptoranking.com

Source: Stoner Cats / TwitterThe company behind Stoner Cats non-fungible tokens (NFTs) has to pay a $1 million fine and destroy all its NFTs per a settlement with the US Securities and Exchange Commission (SEC).According to the Wednesday press release, the SEC charged Stoner Cats 2 LLC (SC2) with conducting an unregistered offering of cryptoasset securities in the form of NFTs that raised approximately $8 million from investors to finance an animated web series called 'Stoner Cats'.Stoner Cats NFTs launched in 2021 ahead of the same-named series featuring sentient cats of one Ms. Stoner, created by actress Mila Kunis. As reported, Ethereum co-founder Vitalik Buterin was set to be a part of the project, as well as Jane Fonda, Seth McFarlane, Ashton Kutcher, and Chris Rock.However, per the US regulator's announcement,"Without admitting or denying the SEC’s findings, SC2 agreed to a cease-and-desist order and to pay a civil penalty of $1 million. [...] SC2 also agreed to destroy all NFTs in its possession or control and publish notice of the order on its website and social media channels."The project announced the order.Additionally, the order established a "Fair Fund" to return the money investors used to buy these NFTs. Prior to the series release, in July 2021, there was an NFT sale of 10,420 stoner cats for some $800 each, which sold out in 35 minutes.The SEC argued that the company's marketing team - before and after the public sale - promoted the benefits of owning the tokens, including the option to resell them on the secondary market. The SC2 team also emphasized its expertise as Hollywood producers, the participation of celebrities, and its own knowledge of crypto projects, thus leading investors to "expect profits" via a successful web series that could increase the NFTs' resale value.The order further stated that,"SC2 configured the Stoner Cats NFTs to provide SC2 a 2.5 percent royalty for each secondary market transaction in the NFTs and it encouraged individuals to buy and sell the NFTs, leading purchasers to spend more than $20 million in at least 10,000 transactions."Per Gurbir S. Grewal, Director of the SEC’s Division of Enforcement, be it beavers, chinchillas, or any other animal-based NFT, "the economic reality of the offering" defines a security, "not the labels you put on it."Carolyn Welshhans, Associate Director of the SEC’s Home Office, was quoted as saying that Stoner Cats wanted the benefits of selling a security to the public, while ignoring the legal responsibilities that come with it.____Learn more:- Vitalik Buterin Makes Curious Cameo in Kutcher and Kunis’ ‘Krypto’ Video- Ashton Kutcher Invested in Bitcoin Despite Wife’s Advice- SEC Chair Gensler: Crypto Industry Plagued by Misconduct and Legal Challenges- Ripple CEO Advises Crypto Startups to Avoid US, Suggests Jurisdictions with Smart PoliciesItalian Luxury Brand Panerai to Include NFT-Based "Digital Passport" with All Watches The regulatory hostility against Binance comes amid a broader crackdown on the exchange by authorities elsewhere. How To Start Investing In Cryptocurrency: A Guide For BeginnersAnalysts from the Ben Armstrong YouTube channel predicted that ADA could reach $0.37 in the medium term. “The ability for GPT to give us guidance just brought the temperature down and really kept family harmony,” Lee said.

At the time of writing, the Quant price was $85.58, reflecting a 2.61% decrease in its market capitalization intraday. Interestingly, trading volume surged by 43.76% intraday, indicating active buyer participation, potentially pushing QNT upward. The volume-to-market-cap ratio stood at 1.43%. Against USD, XRP has been steadily climbing after a significant crash in August. It is currently trading within a narrow range between the 50-day and 200-day moving averages, around the $0.5 mark. If there is a bullish breakout, the market could reach the crucial $0.55 resistance zone, which will likely determine the mid-term market trend. The crypto exchange this 26-year-old launched in 2019 ...At approximately 02:52 a.m. UTC, BNB Smart Chain address 0x9Ef72Ee68a7c841986A0C60e0FDbAE4e27446Deb removed over 1.6 million LSC from the AwardCenter contract for Lucky Star Currency. In a second transaction, an additional 1.4 million LSC was drained from the project’s NFTMerge contract. After draining funds, the attacker swapped them for over $1 million in BUSD via Pancake swap and then sent them to account 0x23f8c805306Bf27AB8bf3cEbEce4B778acfFd896. This account has been receiving BUSD from various sources for the past 82 days, implying that there may be more than one scam depositing funds to it. Related: Bitcoin-friendly El Salvador sees bond returns soar to 70% in 2023

Campbell revealed her resignation in a LinkedIn statement on October 9. Based on the recent on-chain events, Shiba Inu will likely experience a further price downswing below $0.000005 in the weeks ahead. Coinhub Bitcoin ATM Near Me Tayoltita, MexicoClay Nation’s daily sales rose 129% to US$5,685 in the 24 hours leading up to 07:55 p.m. in Hong Kong, according to CryptoSlam data. Despite significant general growth in crypto product inflows, some major crypto investment products have been seeing more muted movements. The United States Ethereum futures exchange-traded funds (ETFs) — which debuted trading on Oct. 2 — attracted only around $10 million in the first week, highlighting “tepid appetite,” CoinShares reiterated.

Have an opinion on this story? Share it!